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Kitchen
Some might say that the
kitchen is the most important room in the house. It’s a social hub where
friends and family gather together and, more importantly, it’s the area in
which most of us prepare the majority of our food, so it’s essential that the
kitchen be both beautiful and functional.
When
it comes to the resale value of a home an attractive kitchen can stew up quite
a bit of extra cash.
Having
a beaten and tattered kitchen might be acceptable to some, but when it comes to
selling your home this is just not an option. The kitchen is often one of the
first things potential buyers will look at when they walk into a house that is
for sale so if there is yellowed floral wallpaper peeling off of the walls and
appliances that look like they’ve been around since prehistoric times these
potential buyers might end up heading for the door.
Because the kitchen is such
a central part of the home, it should be in top form when potential buyers come
knocking. The most basic way to ensure that your kitchen looks its best is to
clean it and replace any glaring imperfections.
Preparing a Kitchen for
Potential Buyers:
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Fix dripping faucets
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Replace old hardware
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Replace any cracked
tile on floor and backsplash
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Clean fridge and stove,
inside and out
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Remove all clutter
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Wash and pull back
curtains
When potential buyers enter
your home there is nothing as annoying as a leaky faucet. This is glaring
problem that may lead people to believe that your home is also harboring bigger
problems like water damage and leaky pipes. Once you have ensured the annoyed
drip has been silenced look at the sink and fixtures. You should scrub any rust
and dirt out of the sink so it is left sparkling clean and replace any rusty or
decrepit fixtures.
Replacing old hardware and
cupboard doors can be a great way to easily take your kitchen from worn-out to
wonderful. Since the cupboards make up so much of the kitchen it is essential
that they look neat and clean, free of dents and stains. Getting rid of the
dark brown, cheap, painted wooden cupboard doors that were installed in your
kitchen in the 1970’s and replacing them with new light pine doors will
instantly brighten up the kitchen and make it look brand new.
If new cupboards constitute
too much of a financial investment new hardware and a little bit of paint can
still make a big difference. Think first about the appliances in your kitchen
and what color of cupboards will complement them. Many people choose to paint
old kitchen cupboards white to brighten the kitchen and make it appear larger.
The hardware that you choose should complement the style and color of your
kitchen and draw these elements together. The new knobs and handles that you
purchase should be up to date and clean looking. Consider brushed chrome or
nickel hardware that compliments your kitchen faucet and try to steer clear of
brass hardware and strange kitsch like chili pepper and other vegetable-themed
handles that most people find tacky.
Replacing any cracked tile
in the kitchen is also a good idea to improve a home’s resale value. Replacing
cracked tiles involves digging out the grout joints around the damaged tile
with a grout saw and then drilling holes in the corners of the tile to loosen
it. You will then be able to break up the tile with a hammer and remove it with
a chisel, smooth out the area and use adhesive and grout to fasten a new tile
into place.
Just as it is a good idea to
replace damaged tile, it is also smart to repair wood and linoleum flooring
that is stained, worn or damaged. Wood flooring might be easily repairable with
buffing and refinishing, while linoleum flooring might have to be torn up and
completely replaced. Both of these projects are quite time consuming, but the
can be done quite economically if you’re willing to expend some elbow grease.
Cleaning the fridge and
stove is a no-brainer when it comes to preparing your home to be seen by
potential buyers. No one wants to walk into a kitchen that is filthy so scrape
the noodles of the walls, scrub the grease off the stove and make sure that all
of the festering casseroles have been removed from the refrigerator and that
it’s sparkling clean and smelling fresh.
Cleaning up kitchen clutter,
like cleaning up kitchen grime, is also something that can be done quickly and
relatively easily in anticipation of potential buyers. Take all of the toys,
books, stacks of paper and any other junk out of the kitchen and store it
somewhere out of sight. The more neat and tidy your kitchen appears the better
chance you have of maximizing resale value.
Clean curtains can also make
a world of difference. This is an extra touch that some people overlook but it
can make all the difference especially if potential buyers arrive during the
day when the sun is shining though kitchen windows. If the sun is filtered
through filthy curtains the whole room will be flooded in a brownish glow that
can be entirely nauseating. With grease and smoke in the kitchen air curtains
can really become a mess so give them a deep cleaning or take them to the
drycleaner and re-hang them before and potential buyers arrive.
If the problems in your
kitchen are bigger than grease and clutter, it may be time to weigh remodeling
options to improve resale value, especially if there are things in your kitchen
that do not function properly.
Kitchen remodeling is
typically the most lucrative form of home renovation when it comes to resale
value so updating and improving your kitchen drastically is not necessarily a
bad idea if you have the money to invest in this project.
Kitchen Remodeling Ideas:
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Add space and change kitchen
design
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Replace major appliances
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Add a dishwasher
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Replace countertops
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Add custom lighting
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Build on island
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Repaint
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Replace flooring
All
of these remodeling ideas are sure to make your home appear more appealing to
buyers, but it is hard to forecast exactly what each different buyer will be
looking for specifically. When ever you invest money in kitchen remodeling to
improve resale value you always run the risk that the new owners will end up
ripping up everything that you’ve done and replacing things to suit their own
needs and tastes.
It’s
important to seriously evaluate the state of your kitchen before embarking on
any large remodeling project to ensure that all of your time and elbow grease
is paid back in dollars.
Things to Consider Before
You Remodel:
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How necessary is
remodeling?
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How will your house
stack up to others homes in the area once you have remodeled or renovated?
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How much will the
remodeling or renovation cost?
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Is there any way to cut
down on cost and maintain quality?
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Are you really
renovating or remodeling to increase resale value, or to increase convenience
for your particular family?
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What is the current
housing market like?
Consider glaring
deficiencies to be remodeling necessities. If the fridge has lost its will to
cool and the elements on the oven erupt in flames when they are turned on these
appliances need to be replaced. New appliances not only look nice, they also
attract potential buyers and improve resale value because there are usually
warranties attached to these products so that if they break down the cost to
the new owner is typically covered. Necessities also include adding extra room
to severely spatially-challenged kitchens, replacing damaged flooring and
countertops, repairing broken cupboards and drawers and fixing any faulty
plumbing.
Anyone who is considering
remodeling a kitchen to add resale value has to keep in mind the other houses
in the neighborhood first and foremost. If you renovate adding a lot of square
footage to your home to create stunning kitchen you could actually be
unconsciously hurting your own house’s resale value while improving the resale
value of the houses that surround yours. This is because in the process of renovation
you could turn your house into the most elaborate and extravagant place in the
neighborhood, scaring off potential buyers that would normally be drawn to the
area. In the mean time houses that are close to yours will appreciate in value
because your newly remodeled palace has improved their surroundings. So before
any project is started it’s important to do some research on the real estate in
your neighborhood to see the amenities that houses in the area offer and make
sure you are not going overboard.
Cost is obviously an
incredibly important factor to consider when it comes to kitchen remodeling to
improve resale value. Major kitchen remodeling can cost anywhere from $10,000
to $40,000 so it’s important to explore all of your renovating options and
concentrate on the ones that usually pay off in terms of resale value.
Your renovation dollar will
clearly go further if you are able to do some of the work yourself. Tackling
tasks like repairing flooring and cupboard doors yourself instead of calling in
a contractor can allow you to repair more elements of your kitchen with less
money so make a list of everything that needs to be renovated, replaced and
repaired and highlight the jobs that you think you should be able to handle
without the help of a professional. Obviously this option isn’t for everyone,
but anyone who is handy with tools and has some extra time will find that this
option can offer a significant payoff.
Perhaps the most important
thing to remember when remodeling is the purpose of doing so. Keep reminding
yourself that the remodeling is not for personal enjoyment, but to improve
resale value. When you remodel to improve resale value you have to put your
individuality aside and instead concentrate on what is saleable. This is where
most people go wrong. When a homeowner’s pride drowns out the logic of
investing there may be trouble.
Added touches are what drive
the cost of kitchen renovation into the stratosphere. Often homeowners will opt
for extra touches like cupboard doors with glass fronts and custom lighting,
custom backsplash, stainless steel appliances and garborators without
considering how these things fit into their particular home or neighborhood. An
average working class home may look fantastic with the addition of stainless
steel appliances and custom cabinetry, but the average working class family
that is in the market for a home may not be able to afford these perks when
they invest in a home. It is essential to look at what will be important to the
people investing in your home rather than just considering what you think will
look good and impress your guests. On the other hand, fancy appliances that
don’t fly in working class neighborhoods might be renovation necessities in
upper class neighborhoods where housing is more expensive.
Look at the kitchens in your
neighbor’s houses, if they are equipped with garborators, dishwashers and
elaborate kitchen islands you should seriously consider making these changes in
your own home. This way if another home in the area goes up for sale at the
same time as yours you’re not left in the dust.
Before you begin remodeling
ask yourself, “Which price category is my house in and how will the changes I
make affect the resale value of my house?” A $200,000 house might only need
minor repairs to exceed the quality of all other homes in the area, while a
$400,000 house might need major renovations to keep up to snuff.
It’s
imperative to take the housing market into consideration before you remodel no
matter which price range your house falls into. Homeowners should look into
current market and property values before starting any project because the
slower the housing market is, the less money you will recoup from your
renovation, mostly because people will be paying less for houses.
Anyone who is in the market
for a home with resale value should keep in mind that no matter how many bells
and whistles a kitchen has, if it is too small or too inconveniently located
resale value could be seriously affected.
Most people look for
kitchens to be close to both the family room and the dining room in the house.
The ideal kitchen also has a door leading to the backyard for easy barbequing
and garden party accessibility and is relatively easy to get to from the front
door of the house so that carrying groceries in from outside is quick and
convenient.
Location and size will
always influence resale value whether you are speaking of the entire home or
one of its essential parts.
Whether you live to eat, or
eat to live there is no denying the importance of a well-equipped,
well-designed kitchen. Kitchen remodeling can result in the biggest payoffs
when it comes to resale value so before you address any other remodeling
concerns in the house, be sure to take care of the kitchen.
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